11-32-4
Section 11-32-4 Certificate of incorporation - Filing; contents; execution. (a) Within
40 days following the adoption of an authorizing resolution by that governing body that was
the last to adopt an authorizing resolution, but only if the governing bodies of both the
county and the municipality with which applications were filed have theretofore adopted authorizing
resolutions, the applicants shall proceed to incorporate an authority by filing for record
in the office of the judge of probate of the authorizing county a certificate of incorporation
which shall comply in form and substance with the requirements of this section, and
which shall be in the form and executed in the manner as provided in this chapter. The certificate
of incorporation of the authority shall contain all of the following: (1) The names of the
persons forming the authority, and that each of them is a duly qualified elector of the authorizing
county. (2) The name of the authority which shall be "_____ County...
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11-47-212
Section 11-47-212 Exercise by subdivision with respect to projects outside corporate
limits or boundaries of powers granted with respect to projects within corporate limits or
boundaries. All authority heretofore or hereafter granted to a subdivision to acquire, provide,
establish, finance, including the issuance of bonds, warrants, or other obligations to pay
the cost thereof, own, use, operate, manage, and control, including the fixing of fees and
the charging for access to and the use and enjoyment thereof and the making of rules and regulations
with respect thereto, projects situated within its corporate limits, in the case of a municipality,
or within its boundaries, in the case of a county, shall be applicable to and may be exercised
by the subdivision with respect to any project situated in whole or in part outside its corporate
limits or its boundaries, as the case may be. (Acts 1977, No. 209, p. 276, §3; Acts 1996,
No. 96-320, p. 361, §2.)...
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11-49B-10
Section 11-49B-10 Contracts to secure bonds and assumed obligations. As security for
payment of the principal of and the interest on bonds issued or obligations assumed by it,
the authority may do the following: (1) Enter into a contract or contracts binding itself
for the proper application of the proceeds of bonds and other funds, for the continued operation
and maintenance of any transit system owned by it, or any part of the system. (2) Impose and
collect reasonable rates for any service furnished by the system. (3) Promulgate rules and
regulations respecting any service furnished by the system. (4) Provide for the disposition
and application of its gross revenues received by the system. (5) Do any act or series of
acts not inconsistent with this chapter for the protection of the bonds and other obligations
being secured by the authority. (6) Assure that the revenues derived from the system, when
added to all other moneys of the authority, will be sufficient to operate and maintain...

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4-4-5
Section 4-4-5 Methods of acquisition. Whenever, in the judgment of the council or other
governing body of any municipality of this state, it shall appear necessary or expedient for
such municipality to acquire privately owned lands for airport uses, either within or without
the geographical limits thereof, such municipality shall have power to acquire the same in
fee simple by exercise of the right of eminent domain, by purchase or by gift. Each such municipality
shall also have power to acquire a term of years in lands for airport uses; provided, however,
that such municipality, upon the passage of proper and regular resolution or ordinance authorizing
such action, may provide all or part of the cost of land so acquired for airport or airpark
uses by giving as security a regular mortgage on the lands so acquired. (Acts 1931, No. 136,
p. 197; Acts 1935, No. 493, p. 1046; Code 1940, T. 4, §25.)...
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11-92A-23
Section 11-92A-23 Special reserve funds and applications for appropriations. (a) In
addition to all other powers at any time conferred upon an authority by law, an authority
may, in connection with the issuance of any bonds hereunder, create and establish one or more
special debt service reserve funds (a "debt service reserve fund"), and may pay
or cause to be paid into each debt service reserve fund (i) proceeds from bonds issued pursuant
hereto to the extent provided by the authority authorizing the issuance thereof; (ii) any
moneys appropriated and made available by the Legislature for the purpose of such fund; and
(iii) any other moneys that may be made available to the authority from any other source for
the purpose of such fund. All moneys held in a debt service reserve fund shall be used solely
for the payment of the principal of, premium, if any, and interest on bonds secured, in whole
or in part, by that fund when and as the same become due and payable as provided in the...

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24-1A-6
Section 24-1A-6 Bonds. (a) General. The authority may from time to time issue its negotiable
bonds in such principal amounts as, in the opinion of the authority, shall be necessary to
provide sufficient funds for achieving the corporate purposes thereof, the payment of interest
on bonds of the authority, establishment of reserves to secure such bonds and all other expenditures
of the authority incident to, and necessary or convenient to, carrying out its corporate purposes
and powers. (b) Sources of Payment. Bonds issued by the authority shall be payable solely
out of revenues or property of the authority specified in the resolutions authorizing the
issuance of such bonds. To the extent permitted by any contracts with the holders of outstanding
bonds and any other contractual obligations or requirements, the authority may pledge any,
or all, of its revenues or mortgages or assign any, or all, of its assets (whether real or
personal and whether tangible or intangible) to secure the...
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45-46-90.01
Section 45-46-90.01 Definitions. (a) Wherever used in this article, unless a different
meaning clearly appears in the context, the following terms and others evidently intended
as the equivalent thereof, shall be given the following respective interpretations: (1) APPLICANT.
A natural person who files a written application with the governing body of Marengo County,
or with the governing body of any municipality in such county in accordance with Section
45-46-90.02. (2) AUTHORITY. A public corporation organized pursuant to this article. (3) AUTHORIZING
COUNTY. Marengo County, Alabama, provided the governing body thereof shall have adopted an
authorizing resolution. (4) AUTHORIZING MUNICIPALITY. Any municipality in the county, the
governing body of which shall have adopted an authorizing resolution. (5) AUTHORIZING RESOLUTION.
The resolution that authorizes the incorporation of an authority, adopted by the governing
body of the county or the governing body of any municipality in the...
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11-101A-2
Section 11-101A-2 Definitions. As used in this chapter, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
APPLICANT. A natural person who files a written application with the governing body of a county
or municipality, or two or more thereof, in accordance with Section 11-101A-3. (2)
AUTHORITY. A public corporation organized pursuant to this chapter. (3) AUTHORIZING RESOLUTION.
A resolution adopted by the governing body of an authorizing subdivision in accordance with
Section 11-101A-3, that authorizes the incorporation of an authority under this chapter.
(4) AUTHORIZING SUBDIVISION. Each county and municipality with the governing body of which
an application for the incorporation of an authority under this chapter is filed. (5) BOARD.
The board of directors of an authority. (6) BONDS. Any bonds authorized to be issued by an
authority hereunder, including refunding bonds. (7) CODE. The Code of Alabama 1975. (8)...

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11-50-264
Section 11-50-264 Issuance, sale, etc., of bonds and refunding bonds of board; terms,
denominations, taxation, etc., thereof; charge, application, etc., of revenues from system
to payment of indebtedness; vesting of title to system in municipality upon payment of all
indebtedness. (a) Any waterworks board which borrows money under the authority of this division
may evidence the loan by revenue bonds in such form and of such tenor and maturities as may
be agreed upon between the lender and the board. Any such bonds so issued may thereafter from
time to time be refunded by the issuance by sale or exchange of refunding bonds at such times
and in such form and of such tenor and maturities as may be agreed on by the board and the
holders of the bonds so refunded if such refunding is by exchange and as may be determined
by the board if such refunding is by sale of refunding bonds. Such waterworks board may restrict
the source of payment of such bonds and the security given therefor to...
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11-49A-16
Section 11-49A-16 Exemption from additional proceedings, regulation, etc. This chapter
is intended to aid the state in the execution of its duties by providing appropriate and independent
instrumentalities of the state with full and adequate powers to fulfill their functions. Except
as in this chapter expressly otherwise provided, no proceeding, notice, or approval shall
be required for the incorporation of any authority or the amendment of its certificate of
incorporation, the acquisition of any property or transit system, or the issuance of any bonds,
mortgage and deed of trust, or trust indenture. The authority, every transit system of the
authority, any public transportation service provided by the authority, and the rates and
charges thereof shall be exempt from all jurisdiction of, and all regulation and supervision
by, the Public Service Commission. Neither a public hearing nor the consent of the state Department
of Finance shall be prerequisite to the issuance of bonds by the...
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